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Canadian Overseas Petroleum Limited
715 5 Ave SW Suite 3200
Phone: (403) 262-5441p:403 262-5441 CALGARY, AB  T2P 2X6  Canada Ticker: XOPXOP
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 3/11/2024
On 3/11/2024, Canadian Overseas Petroleum Limited and its subsidiaries: COPL America Holding Inc., COPL America Inc., Canadian Overseas Petroleum (UK) Limited, Canadian Overseas Petroleum (Ontario) Limited, COPL Technical Services Limited, Canadian Overseas Petroleum (Bermuda Holdings) Limited, Canadian Overseas Petroleum (Bermuda) Limited, Southwestern Production Corporation, Atomic Oil and Gas LLC, and Pipeco LLC filed with the Alberta Court of King's Bench (the "Court") for protection from its creditors under the Companies' Creditors Arrangement Act ("CCAA")
KSV Restructuring Inc. was appointed as the Monitor for the Companies
On 3/11/2024, Canadian Overseas Petroleum Limited filed a Chapter 15 Bankruptcy Petition #24-10376 in the U.S. Bankruptcy Court for the District of Delaware in order to gain recognition of its CCAA proceedings dated 3/11/2024
Business Summary
Canadian Overseas Petroleum Limited is a Canada-based international oil and gas exploration, development and production company. The Company and its subsidiaries are involved in the identification, acquisition, exploration, development and production of oil and natural gas reserves. The Company is engaged in pursuing opportunities in the United States with operations in Wyoming. It operates the Cole Creek Unit 100% WI, Barron Flats Shannon (Miscible) Unit 85% WI and holds Barron Flats Federal (Deep) 85% WI in addition to non-unitized lands 100% WI. Its Wyoming operations uses minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The Company's subsidiary is COPL America Inc.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202312/31/2022Yes-Yes--

Industries
SIC Code Description
1311 Crude petroleum and natural gas

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board ThomasRichardson 42 9/6/2023 4/20/2023
Interim Chief Executive Officer PeterKravitz 1/18/2024 1/2/2024
Vice President - Finance, Controller RobertDion 10/18/2011 10/18/2011
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Canadian Overseas Petroleum (UK) Limited 715-5 Avenue SW, Suite 3200 Calgary AB Canada
Southwestern Production Corporation 36 S 18th Ave, Suite D Brighton CO United States

Business Names
Business Name
Atomic Oil and Gas LLC
Canadian Overseas Petroleum (Bermuda Holdings) Limited
Canadian Overseas Petroleum (Bermuda) Limited
10 additional Business Names available in full report.

General Information
Number of Employees: 23 (As of 12/31/2022)
Outstanding Shares: 3,669,486,512 (As of 2/7/2024)
Stock Exchange: CNQ
Fax Number: (403) 263-3251


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Wednesday, April 24, 2024